in DayTradeToWin, Price action Trading

How to Forecast Price Action in 2021

Do you want to learn how to predict where price may go in 2021? Look no further. We will teach you a full trading method for free in this video. Historically, John Paul says this technique has been 90% accurate. You can see for yourself in your charting platform of choice. Once you learn the technique, go back multiple years and see if the predictions came true.

This price action technique is called the January Effect, right now, we’re at the end of January, 2021. It won’t be long before we have 100% confirmation on whether the January Effect will apply to 2021. If it does, then we can say 2021 will be an “up year.” In an up year, we can identify retracement opportunities, where price begins to “come back up” to a 50% level as measured from the previous high and previous low.

Once that 50% level is exceeded in a certain way, that’s an entry opportunity. Typically, many of these 50% retracement opportunities occur within the year. In fact, it is possible to take advantage of bearish movement intraday. That’s good because many traders are not equipped to hold positions overnight and for days on end. Intraday means you can be in and out of a position the same day. This is what the DayTradeToWin trading methods mainly look for, as taught in the 8-Week Mentorship, Atlas Line, Trade Scalper, ATO 2 and many other techniques.

By all means, please watch the video to get a better understanding of how it all works. What we’re looking at right now is what the closing price of the E-mini S&P 500 will be at the end of January. We’ll have to be in February to make that determination. January 31 happens to be a Sunday, and the markets are open Sunday evening US/Eastern time. It is doubtful that price will make a huge drop on what is often observed as restful or recreational day. By Feb. 1, 2021, price has to be at 3653.25 or above for 2021 to be an up year. Currently, price is about 200 points above that, so that would be quite the market drop in a week or so.

This is just one method to forecast the market. For traders who do not have many thousands of dollars, you can use the Atlas Line and other tools as intraday forecasters. A forecast is a forecast; there are no guarantees price will do what is predicted. It’s almost like the weather; at least once, I am sure most of us have experienced rain on a day that was forecasted to be clear and vice versa. Hopefully this free trading method brightened up your day!

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